Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von Sells 8,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ahn Luis Von also recently made the following trade(s):

• On Tuesday, February 18th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00.
• On Wednesday, January 15th, Ahn Luis Von sold 8,000 shares of Duolingo stock. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00.

Duolingo Trading Up 1.7 %

Shares of DUOL opened at $306.17 on Friday. The stock’s fifty day simple moving average is $347.77 and its 200-day simple moving average is $318.22. The firm has a market capitalization of $13.85 billion, a PE ratio of 167.31 and a beta of 0.92. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in DUOL. Kensington Investment Counsel LLC grew its stake in shares of Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after purchasing an additional 30 shares during the period. Lido Advisors LLC boosted its holdings in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after buying an additional 30 shares during the last quarter. Mount Lucas Management LP grew its position in shares of Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the period. CIBC Asset Management Inc increased its stake in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after acquiring an additional 32 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after acquiring an additional 39 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DUOL. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a research report on Tuesday. DA Davidson increased their target price on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Scotiabank started coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Finally, Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.25.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.